Brokerages Set Shell plc (NYSE:SHEL) PT at $82.00

Shell plc (NYSE:SHEL) has earned an average rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $82.00.

SHEL has been the subject of several recent research reports. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company raised their price target on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th.

Shell Stock Up 0.6 %

Shares of SHEL opened at $65.47 on Friday. The firm has a market capitalization of $203.75 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.97 and a beta of 0.56. Shell has a 52 week low of $60.34 and a 52 week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The business’s fifty day moving average price is $67.33 and its two-hundred day moving average price is $70.14.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.20%. Shell’s payout ratio is 56.58%.

Hedge Funds Weigh In On Shell

Several institutional investors have recently modified their holdings of SHEL. NorthCrest Asset Manangement LLC raised its holdings in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Shell by 21.0% during the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after acquiring an additional 7,779 shares during the period. Creative Planning boosted its stake in Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares during the period. Raymond James & Associates increased its holdings in Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Finally, Foresight Global Investors Inc. bought a new stake in shares of Shell in the second quarter valued at about $1,472,000. Institutional investors own 28.60% of the company’s stock.

About Shell

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.